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CHART: Mboweni Is likely to get Moody's reprieve

Oct 12 2018 15:00

Rene Vollgraaff, Bloomberg

Former Reserve Bank Governor Tito Mboweni listens to the Minister of Finance, Nhlanhla Nene, as he delivers his Budget Speech Address in the National Assembly on February 25, 2015 at Parliament in Cape Town. (Photo by Gallo Images / Foto24 / Lertao Maduna)

Tito Mboweni is likely to get a boost at the start of his tenure as finance minister, with Moody’s Investors Service maintaining its rating on the nation’s sovereign debt.

That’s according to Bank of America Merrill Lynch.

Moody’s, the only one of the three major credit-rating companies that still assesses debt at investment grade, is scheduled to announce the review on Friday.